Farmers Insurance Exchange v. Nelson

OPINION

HALL, Justice.

At all times pertinent to this cause, the plaintiff-appellee, Charles D. Nelson, was the owner of a building located in Corsi-cana, Texas, and a substantial amount of equipment and furnishings in the building that was used in the restaurant business. On June 27, 1969, plaintiff leased the building and the equipment to Meredith Twomey, the wife of Tommy L. Twomey. In the written lease agreement, Mrs. Twomey agreed to “carry fire, theft and vandalism insurance in an amount satisfactory to Lessor, with loss payable clause to both Lessor and Lessee as interest appears.” Mr.…